Insights
Guarantees articles
Facilities, wordings, collateral and what happens when an employer calls a guarantee.
Tenders
Bidding for Government Work Under the New Public Procurement Act
The Public Procurement Act 28 of 2024 has been signed into law but is not yet in force. Here is what South African contractors need in place to bid on government construction tenders right now.
Guarantees
Subcontractor Performance Guarantees - Who Actually Pays
Bank, insurer or credit provider? Before you accept a subcontractor's performance guarantee, check who is legally on the hook to pay and what triggers payment.
Guarantees
Why On-Demand Guarantees Wording Can Destroy Contractors
On-demand guarantees can sink your business fast. Learn how one line in a contract can trigger unfair calls and put your company at risk.
Guarantees
Uncovering the devils in the detail, Spot the risks
Uncover the hidden risks in construction contracts and insurance so you can avoid costly mistakes and protect your projects, and profits.
Guarantees
What construction insurance do I need?
Help! What construction insurance do I need? Understandably this can be a challenge. Let’s quickly unpack 5 Construction Insurance options.
Guarantees
When is a Performance Guarantee called on?
When is a Performance Guarantee called on? If the Contractor doesn’t complete the project, or if the work is not up to the promised quality.
Guarantees
Contract Guarantees - Four types and What They Insure
Contract Guarantees in the construction industries are almost mandatory. Here’s a short list of the four types of Contract Guarantees and what they insure.
Guarantees
Difference between a Performance Bond and a Performance Guarantee
The term Performance Bond is often misleading, leaving contractors confused about the difference between a performance bond and a performance guarantee.
Guarantees
How do you get a Performance Guarantee?
When applying to get a Performance Guarantee, you’ll have to answer questions about your professional work experience and your company’s financial history.
Guarantees
Fuel Guarantees >> Bank Guarantee to Fuel Guarantee
A Fuel Guarantee is security against payment default by the Retailer for fuel delivered by a Fuel Company. The Guarantee covers fuel, lubricant, rent & more
Reading about it is the easy part.
Send us the contract or the policy wording and we will tell you what it actually does on your site.